TRUMP may be caught in a political and regulatory storm: Warren accuses conflict of interest, while the crypto czar calls it "collectible property".

Recently, Democratic Senator and senior member of the Senate Banking Committee Elizabeth Warren publicly urged the US government ethics office and financial regulatory agencies to conduct a comprehensive investigation into TRUMP coin. Warren pointed out that there is a potential conflict of interest between Trump and his family's published TRUMP coin and Melania's eponymous token MELANIA coin, which may affect the fairness of their political decisions. She emphasized that such tokens not only "contribute to destructive factors in the currency field", but also may make investors "victims of family interest transmission".

 

Meanwhile, David Sacks, known as the "crypto czar," refuted Warren's allegations in an interview with Fox Business News. Sacks compared TRUMP to a "baseball card or souvenir," believing that it is essentially a collectible rather than a financial instrument, and therefore does not pose a conflict of interest risk. He further stated that central bank digital currencies (CBDCs) may threaten individual freedom, while stablecoins are the key tool to consolidate the global dominance of the US dollar. Sacks revealed that the US Digital Asset Working Group is prioritizing the development of market structure rules, clarifying classification standards for digital assets, and evaluating the feasibility of a national digital asset reserve plan.

 

TRUMP has been intertwined with political controversy since its inception. Supporters see it as a "cultural symbol", attracting a large number of Trump supporters to participate; opponents question its compliance and actual value support. Warren's accusation may prompt Congress to strengthen scrutiny of political figures publishing tokens, while Sachs' response reflects concerns about excessive regulatory intervention in the cryptocurrency industry.